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Nickel prices moved up by 0.78% to Rs 814.40 per kg in futures trade today as speculators enlarged their positions driven by rising demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in April gained Rs 6.30, or 0.78%, to Rs 814.40 per kg in a business turnover of 547 lots.
Similarly, the metal for delivery in May moved up by Rs 5.60, or 0.69%, to Rs 821.10 per kg in 12 lots.
Analysts said that besides rising demand from alloy- makers in the spot market, influenced nickel prices at futures trade but absence of cues from the London Metal Exchange that is closed today, limited the gains.
